Aditya Birla Sun Life Arbitrage Fund vs Edelweiss Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Arbitrage Fund is an Arbitrage fund and Edelweiss Multi Asset Allocation Fund is a Multi Asset fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Arbitrage Fund (Direct) returned 7.4% a year and Edelweiss Multi Asset Allocation Fund (Direct) returned 7.5% a year. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and Edelweiss Multi Asset Allocation Fund 0.79% (Direct plans). Their portfolios overlap 18.9%: they hold 50 of the same securities.
Aditya Birla Sun Life Arbitrage Fund
Arbitrage
- 3 year return
- 7.4%
- Expense ratio
- 1.23%
- NAV
- ₹31.18
Edelweiss Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 7.5%
- Expense ratio
- 0.79%
- NAV
- ₹12.72
Which is better, Aditya Birla Sun Life Arbitrage or Edelweiss Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Edelweiss Multi Asset Allocation returned more over 3 years: 7.5% a year against 7.4%.
- Aditya Birla Sun Life Arbitrage returned more over 1 year: 6.8% against 6.3%.
- Edelweiss Multi Asset Allocation costs less: 0.79% a year against 1.23% (Direct plans).
- Aditya Birla Sun Life Arbitrage swung less over 3 years: a standard deviation of 1.1% a year against 1.9%.
- Aditya Birla Sun Life Arbitrage fell less in its worst fall since 26-06-2023: −0.5% against −1.8%.
- Aditya Birla Sun Life Arbitrage holds more in large companies: 50.4% of the fund in large caps against 18.1%.
- Aditya Birla Sun Life Arbitrage is the larger fund: ₹26,933 Cr against ₹2,961 Cr.
- Their portfolios overlap 18.9%: 50 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Arbitrage Fund | Edelweiss Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Edelweiss Mutual Fund |
| Category | Arbitrage | Multi Asset |
| AUM | ₹26,933 Cr (30-09-2026) | ₹2,961 Cr (30-09-2026) |
| NAV | ₹31.18 (Direct) | ₹12.72 (Direct) |
| Expense ratio (Direct) | 1.23% | 0.79% |
| Expense ratio (Regular) | 1.94% | 1.12% |
| Riskometer | Low | Low |
| Benchmark | Nifty 50 Arbitrage TRI | Nifty 500 TRI (40%) + CRISIL Short Term Bond Fund Index (50%) + Domestic Gold Prices (5%) + Domestic Silver Prices (5%) |
| Launch date | 24-07-2009 | 23-06-2023 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Lovelish Solanki, Mohit Sharma, Krina Mehta | Bhavesh Jain, Bharat Lahoti, Rahul Dedhia, Kedar Karnik, Amit Vora |
| Exit load | Nil | Exit load of 0.25%, if redeemed within 90 days. |
Aditya Birla Sun Life Arbitrage vs Edelweiss Multi Asset Allocation: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Arbitrage Fund (Direct) | +0.50% | +1.55% | +3.30% | +6.75% | +7.40% | +6.85% | +6.38% |
| Edelweiss Multi Asset Allocation Fund (Direct) | +0.22% | +1.02% | +3.21% | +6.25% | +7.53% | -- | -- |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | +7.18% | +6.68% | +6.31% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
Category average: the average of the 39 Arbitrage funds and the 37 Multi Asset funds, same plan type.
Aditya Birla Sun Life Arbitrage vs Edelweiss Multi Asset Allocation: Year-wise Returns
| Year | Aditya Birla Sun Life ArbitrageAditya Birla Sun Life Arbitrage | Edelweiss Multi Asset AllocationEdelweiss Multi Asset Allocation |
|---|---|---|
| 2026to date | +5.49% | +5.61% |
| 2025 | +7.20% | +7.24% |
| 2024 | +8.30% | +8.35% |
| 2023 | +7.86% | -- |
| 2022 | +4.80% | -- |
| 2021 | +4.52% | -- |
Aditya Birla Sun Life Arbitrage vs Edelweiss Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 86 of them, one for each trading day from 29-06-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Arbitrage Fund (Direct)
Edelweiss Multi Asset Allocation Fund (Direct)
to
Jul 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.5% | 7.3% | 7.7% |
| Edelweiss Multi Asset Allocation | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.6% | 7.6% | 7.4% | 7.8% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 26-06-2023. Past returns do not promise future returns.
Aditya Birla Sun Life Arbitrage vs Edelweiss Multi Asset Allocation: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-06-2023 to 30-10-2026: 41 instalments, ₹4,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life ArbitrageAditya Birla Sun Life Arbitrage Fund (Direct) | ₹4,10,000 | ₹4,63,449 | ₹53,449 | 7.1% |
| Edelweiss Multi Asset AllocationEdelweiss Multi Asset Allocation Fund (Direct) | ₹4,10,000 | ₹4,63,229 | ₹53,229 | 7.1% |
Aditya Birla Sun Life ArbitrageAditya Birla Sun Life Arbitrage Fund (Direct)
Edelweiss Multi Asset AllocationEdelweiss Multi Asset Allocation Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Arbitrage vs Edelweiss Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Arbitrage Fund (Direct) | Edelweiss Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +6.25% |
| Standard deviation | 1.34% | 2.62% |
| Sharpe ratio | 1.13 | 0.38 |
| Sortino ratio | 1.77 | 0.60 |
| Maximum drawdown | −0.5% (06-08-2026) | −1.8% (29-01-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Arbitrage Fund (Direct) | Edelweiss Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.40% | +7.53% |
| Standard deviation | 1.07% | 1.95% |
| Sharpe ratio | 1.29 | 0.78 |
| Sortino ratio | 2.00 | 1.17 |
| Maximum drawdown | −0.5% (06-08-2026) | −1.8% (29-01-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Arbitrage Fund (Direct) | Edelweiss Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +7.44% |
| Standard deviation | 1.10% | 1.88% |
| Sharpe ratio | 0.84 | 0.71 |
| Sortino ratio | 1.31 | 1.05 |
| Maximum drawdown | −0.5% (25-03-2020) | −1.8% (29-01-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Arbitrage Fund (Direct)
Edelweiss Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Arbitrage Fund (Direct) | −0.5% | 03-08-2026 | 06-08-2026 | 31-08-2026 | 25 days | 0.0% |
| Edelweiss Multi Asset Allocation Fund (Direct) | −1.8% | 29-12-2025 | 29-01-2026 | 02-02-2026 | 4 days | 0.0% |
From daily values since 26-06-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Arbitrage Fund (Direct)
Edelweiss Multi Asset Allocation Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Arbitrage Fund (Direct)
Edelweiss Multi Asset Allocation Fund (Direct)
Aditya Birla Sun Life Arbitrage vs Edelweiss Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Arbitrage Fund, September 2026; Edelweiss Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 18.9%
- Held by both
- 50
- Only in Aditya Birla Sun Life Arbitrage
- 150
- Only in Edelweiss Multi Asset Allocation
- 47
| Security | % of Aditya Birla Sun Life Arbitrage | % of Edelweiss Multi Asset Allocation |
|---|---|---|
| HDFC Bank Ltd. | 3.52% | 5.04% |
| Vodafone Idea Ltd. | 2.35% | 2.94% |
| ICICI Bank Ltd. | 3.37% | 1.66% |
| Bharti Airtel Ltd. | 2.38% | 1.57% |
| Reliance Industries Ltd. | 2.87% | 1.15% |
| Steel Authority of India Ltd. | 1.15% | 3.31% |
| NMDC Ltd. | 0.79% | 1.29% |
| Grasim Industries Ltd. | 0.51% | 0.99% |
| Kotak Mahindra Bank Ltd. | 1.29% | 0.39% |
| Bharat Electronics Ltd. | 0.39% | 0.36% |
| Hindalco Industries Ltd. | 1.18% | 0.33% |
| Hindustan Aeronautics Ltd. | 0.52% | 0.33% |
| Yes Bank Ltd. | 0.54% | 0.32% |
| Coforge Ltd. | 0.39% | 0.32% |
| Ashok Leyland Ltd. | 0.39% | 0.27% |
| Eternal Ltd. | 0.26% | 0.60% |
| Adani Energy Solutions Ltd. | 0.35% | 0.21% |
| Adani Green Energy Ltd. | 0.19% | 0.23% |
| Aurobindo Pharma Ltd. | 0.65% | 0.19% |
| Container Corporation of India Ltd. | 0.22% | 0.19% |
| Kalyan Jewellers India Ltd. | 0.49% | 0.18% |
| Axis Bank Ltd. | 2.20% | 0.17% |
| Oil & Natural Gas Corporation Ltd. | 0.41% | 0.17% |
| Indus Towers Ltd. | 1.10% | 0.16% |
| ITC Ltd. | 0.87% | 0.16% |
| Hindustan Zinc Ltd. | 0.76% | 0.15% |
| TVS Motor Company Ltd. | 0.71% | 0.15% |
| BSE Ltd. | 0.15% | 0.31% |
| Tata Consultancy Services Ltd. | 0.38% | 0.14% |
| Glenmark Pharmaceuticals Ltd. | 0.49% | 0.13% |
| JSW Steel Ltd. | 1.01% | 0.12% |
| Hindustan Petroleum Corporation Ltd. | 0.18% | 0.12% |
| Adani Enterprises Ltd. | 0.69% | 0.11% |
| UPL Ltd. | 0.21% | 0.10% |
| Fortis Healthcare Ltd. | 0.17% | 0.10% |
| IndusInd Bank Ltd. | 0.57% | 0.09% |
| Coal India Ltd. | 0.71% | 0.08% |
| Tata Motors Passenger Vehicles Ltd. | 0.07% | 0.17% |
| Jio Financial Services Ltd. | 0.77% | 0.07% |
| National Aluminium Company Ltd. | 0.22% | 0.06% |
| HCL Technologies Ltd. | 0.05% | 0.15% |
| Union Bank of India | 0.21% | 0.05% |
| Prestige Estates Projects Ltd. | 0.04% | 0.07% |
| Mahindra & Mahindra Ltd. | 0.39% | 0.04% |
| Bank of Baroda | 0.29% | 0.04% |
| Interglobe Aviation Ltd. | 0.55% | 0.03% |
| Tata Consumer Products Ltd. | 0.23% | 0.03% |
| NTPC Ltd. | 1.19% | 0.02% |
| JSW Energy Ltd. | 0.27% | 0.01% |
| Max Financial Services Ltd. | 0.11% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.9% means 18.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Arbitrage Fund
| Security | % of fund |
|---|---|
| Aditya Birla Sun Life Money Market Fund - Growth - Direct Plan | 10.18% |
| Aditya Birla Sun Life Floating Interest Rate Fund-Direct Plan-Growth | 3.56% |
| Aditya Birla Sun Life Liquid Fund - Growth - Direct Plan | 2.55% |
| Larsen & Toubro Ltd. | 1.61% |
| State Bank of India | 1.60% |
Largest holdings only in Edelweiss Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 7.51% SIDBI SR V NCD RED 12-06-2028 | 5.04% |
| 8.3333%HDB FIN SR 213 A1 NCD 06-08-27 | 2.54% |
| 7.53% NABARD NCD SR 25E RED 24-03-28 | 2.52% |
| 7.1104% ADITYA BIRLA HSG SR D1 R30-07-27 | 2.51% |
| 7.38% GOVT OF INDIA RED 20-06-2027 | 2.21% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Arbitrage | Edelweiss Multi Asset Allocation |
|---|---|---|
| Equity | 69.3% | 24.9% |
| Debt | 10.5% | 52.6% |
| Cash and others | 20.1% | 22.5% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Arbitrage | Edelweiss Multi Asset Allocation |
|---|---|---|
| Large Cap | 50.4% | 18.1% |
| Mid Cap | 15.6% | 6.8% |
| Small Cap | 3.4% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Arbitrage | Edelweiss Multi Asset Allocation |
|---|---|---|
| Banks | 16.4% | 7.8% |
| Telecom - Services | 5.8% | 4.7% |
| Finance | 4.5% | 0.1% |
| Petroleum Products | 3.9% | 1.3% |
| Ferrous Metals | 3.2% | 3.4% |
| Pharmaceuticals & Biotechnology | 3.3% | 0.3% |
| Cement & Cement Products | 1.3% | 1.0% |
| Minerals & Mining | 0.8% | 1.3% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Arbitrage vs Edelweiss Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Arbitrage Fund | Edelweiss Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.23% | 0.79% |
| Base expense ratio (Direct) | 0.27% | 0.42% |
| Total expense ratio (Regular) | 1.94% | 1.12% |
| Base expense ratio (Regular) | 0.88% | 0.70% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life Arbitrage with
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Aditya Birla Sun Life Arbitrage Fund vs Edelweiss Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Arbitrage Fund and Edelweiss Multi Asset Allocation Fund?
Aditya Birla Sun Life Arbitrage Fund is an Arbitrage fund, Edelweiss Multi Asset Allocation Fund is a Multi Asset fund, run by Aditya Birla Sun Life Mutual Fund and Edelweiss Mutual Fund. Their portfolios overlap 18.9%. Aditya Birla Sun Life Arbitrage Fund charges 1.23% a year and Edelweiss Multi Asset Allocation Fund 0.79%.
Which has given higher returns, Aditya Birla Sun Life Arbitrage Fund or Edelweiss Multi Asset Allocation Fund?
Over 1 year: Aditya Birla Sun Life Arbitrage Fund +6.75%, Edelweiss Multi Asset Allocation Fund +6.25%. Over 3 years: Aditya Birla Sun Life Arbitrage Fund +7.40% a year, Edelweiss Multi Asset Allocation Fund +7.53% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Arbitrage Fund or Edelweiss Multi Asset Allocation Fund?
Edelweiss Multi Asset Allocation Fund charges less: 0.79% a year against 1.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Arbitrage Fund and Edelweiss Multi Asset Allocation Fund overlap?
18.9%. They hold 50 of the same securities, the largest shared ones being HDFCBANK, IDEA, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Arbitrage Fund or Edelweiss Multi Asset Allocation Fund?
On SEBI's riskometer, Aditya Birla Sun Life Arbitrage Fund is rated Low and Edelweiss Multi Asset Allocation Fund Low. Over 3 years, the standard deviation of daily returns was 1.07% and 1.95% a year.
Which is better for SIP, Aditya Birla Sun Life Arbitrage Fund or Edelweiss Multi Asset Allocation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,12,735 in Aditya Birla Sun Life Arbitrage Fund (XIRR 7.1% a year) and ₹4,12,678 in Edelweiss Multi Asset Allocation Fund (XIRR 7.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Arbitrage Fund and Edelweiss Multi Asset Allocation Fund?
Yes. 18.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Arbitrage Fund and Edelweiss Multi Asset Allocation Fund?
Aditya Birla Sun Life Arbitrage Fund: Lovelish Solanki, Mohit Sharma, Krina Mehta. Edelweiss Multi Asset Allocation Fund: Bhavesh Jain, Bharat Lahoti, Rahul Dedhia, Kedar Karnik, Amit Vora.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.